Bolivia is objecting to the creation of a United Nations carbon market that would allow richer nations to offset their greenhouse gas emissions by protecting forests in developing countries.
The Reducing Emissions from Deforestation and Forest Degradation program would set out how to measure forest carbon stocks and how to fund their protection. It builds on UN draft decisions that allow for the use of carbon markets to reduce emissions. Bolivia says it doesn’t want the market mechanisms influencing what’s done in forests.
